Outcome of Board Meeting

Date: November 3, 2026 To, To, BSE Limited NSE Limited PhirozeJeejebhoy Towers, Exchange Plaza, Plot No.C/1 Dalal Street, Bandra- Kurla Complex Mumbai – 400001 Bandra (East), Mumbai 400051 Script Code: 517571 NSE Symbol: INDLMETER Dear Sir/Madam, Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In compliance with Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III of the Listing Regulations we hereby submit the outcome of the Meeting of Board of Directors was held today i.e. Tuesday, November 3, 2026 and inter-alia discussed/approved the following: 1. The Un-Audited Financial Results (Both Standalone and Consolidated) of the Company for the Second quarter and Six Months ended on September 30, 2026 (copies attached), pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015 along with the Limited Review Reports thereon. The said financial results are duly reviewed by the Statutory Auditors of the Company, the copies of the Limited Review Reports are also attached herewith as for your reference and record. The Board Meeting started at 2:30 p.m. and concluded at 3:32p.m. You are therefore requested to take note of the same. Thanking you Yours faithfully, For, IMP Powers Limited Yash Shah Company Secretary M. No. A49578 511 - 512, SPAN TRADE CENTER, OPP. KOCHRAB ASHRAM, PALDI, \( AHMEDABAD - 380 006, (INDIA) . +91 79 2657 8900, 4003 7617 & ASSOClateS info@bjsandassociates.com | N D | A Chartered Accountants www.bjsandassociates.com The Board of Directors IMP Powers Limited Report on Unaudited Standalone Financial Results Qualified Opinion We have reviewed the accompanying statement of financial results (‘the Statement”) of IMP Powers Limited (‘the Company”) for the quarter and half year ended 30" Septemebr, 2026, attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India {Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (the “Listing Regulations”). The financial results have been initialed by us for the purpose of identification. In our opinion and to the best of our information and according to the explanations given to us, the Statement: i) are presented in accordance with the requirements of Regulations 33 of the Listing Regulations in this regard; and ii) except for the possible effects of the matter described in ‘Basis for Qualified Opinion’ paragraph below, gives a true and fair view in conformity with the applicable accounting standards and other accounting principles generally accepted in India, of the profit/ (loss) (including other comprehensive income) and other financial information of the Company for the quarter and half year ended on 30" September 2026 Basis of Qualified Opinion Attention is drawn to the followings: a) As at 30" September 2026, Substantial portion of trade receivables disclosed by company are outstanding since prior to commencement of the Corporate Insolvency Resolution Process (CIRP) and continue to remain outstanding for more than three years. The Company has not recognised expected credit loss (ECL) against such receivables. Considering the age of such receivables and absence of adequate evidence supporting recoverability of these balances, the carrying value of such trade receivables may not be in accordance with the expected credit loss requirements of Indian Accounting Standard (Ind AS) 109 — Financial Instruments. Consequently, trade receivables may be overstated and loss for the period and accumulated losses may be understated to that extent. The impact of the same has not been determined. b) As at 30" September 2026, bank balances and other current assets disclosed by company, which inter alia include balances in current accounts, interest accrued/receivable, EMD / margin money, other deposits and balances with government authorities. A substantial portion of these balances pertains to periods prior to commencement of the Corporate Insolvency Resolution Process (CIRP) and subsequent liquidation process, and the Company has not been able to provide independent bglanes confirmations and adequate supporting documentation in respect of such balances Further, certain balances are old and remain unreconciled. Accordingly, the recoverability and carrying value of such balances could not be adequately substantiated and consequential adjustments, if any, required to the carrying value of such balances and corresponding impact on the financial statements have not been determined. The Company has not carried out impairment assessment of its assets as at 30" September 2026 despite prolonged suspension of production activities pursuant to the Corporate Insolvency Resolution Process (CIRP) and subsequent liquidation process. Accordingly, the Company has not assessed whether the carrying amount of such assets exceeds their recoverable amount and whether any impairment loss is required to be recognised in the financial statements in accordance with Indian Accounting Standard (Ind AS) 36 — Impairment of Assets. Consequently, we are unable to determine the impact, if any, of impairment adjustment required in respect of such assets on the financial statements. After conclusion of E-Auction proceedings and on payment of 78 Crore (Amount of bid), liquidator issued Sale certificate to successful bidders (namely Electrify Energy Pvt Ltd in Consortium with Mr. Rakesh R Shah). Hon'ble NCLT awarded necessary Relief & Concession by way Of Separate Order to Successful Auction Purchaser and New management on 5/11/2024. However, said orders were challenged by STCI Finance Limited against Hon’ble NCLAT. Hon’ble NCLAT has issued order against said appeal dismissing all appeals and empowering Hon'’ble NCLT (Adjudicating Authority) to decide on distribution of sale proceeds. The said order is challenged by STCI Finance Limited in Hon’ble Supreme court. However, Pursuant to the Hon'ble NCLAT's judgment, the Liquidator commenced distribution of the sale proceeds during the quarter. However, as on the date of this review, the distribution process remains incomplete. Accordingly, pending the finalization of the distribution process, the Company has not been able to give the appropriate accounting effect to the consequential write-back/write-off of the relevant balances in its books of account. The Company has not recognised deferred tax expense/income and corresponding deferred tax liability / asset arising from temporary differences as required under Indian Accounting Standard (Ind AS) 12 — Income Taxes. Consequently, tax expense for the period and the related deferred tax balances may require adjustment. The impact of the same on the financial statements has not been determined. The Company has carried investment in subsidiary (IMP Energy Limited) in the standalone financial statements at cost amounting to Rs. 77.48 Lakhs. The subsidiary has negative net worth and has not undertaken operating activities for a prolonged period. Company has not performed an impairment assessment under Indian Accounting Standard (Ind AS) 36 — Impairment of Assets. Consequently, we are unable to determine whether any impairment adjustment is required to the carrying value of such investment and the consequential impact on the financial results and financial position. The Company has not carried out actuarial valuation of employee benefit obligations relating to gratuity and leave encashment as at 30" September 2026. In accordance with the require of Indian Accounting Standard (Ind AS) 19 — Employee Benefits, obligations in respect of defined benefit plans for post-employment benefits and other long-term employee benefits are required to be measured using actuarial valuation techniques based on the projected unit credit method. In absence of such valuation, we were unable to d [Showing first 8,000 characters — download PDF for full document]